The full year 2023 Hammertrack report on the state of the global watch auction market comes with a simple subheading: “A severe downturn”. That’s straight-talking from The Mercury Project’s Thierry Huron, who authors the Hammertrack reports, although he clarifies that CHF 610, a 13% year-on-year drop in the total value of watch auctions covered in … Continue reading Watch auction business endures “severe downturn” in 2023